HUD Articles

 ATTOM, a leading curator of real estate data nationwide for land and property data, today released its third-quarter 2022 U.S. Home Flipping Report showing that 92,422 single-family houses and condominiums in the United States were flipped in the third quarter. Those transactions represented 7.5 percent of all home sales in the third quarter of 2022, or one in 13 transactions. The latest portion was down from 8.2 percent, or one in every 12 home sales in the nation during the second quarter of 2022. But it was still up from 5.9 percent, or one in 17 sales, in the third quarter of last year.

Despite the decline, the home-flipping rate during the third quarter of this year still stood at the third-highest level in the past decade, below the high point of 9.7 percent registered in the first quarter of 2022.

“This is a classic good news/bad news report for fix-and-flip investors,” said Rick Sharga, executive vice president of market intelligence at ATTOM. “While flipping activity in the third quarter was among the highest on record, gross profits and profit margins declined significantly, reflecting the overall pricing weakness in today’s housing market.”